Central Bank of Bahrain Awards In-Principle Approval To Binance
Key Points:
Announcement from Binance:
Fellow Binancians,
Binance has received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain. The in-principle approval comes after Binance applied for a license from the CBB as part of its plans to become a fully-regulated centralised cryptocurrency exchange.
The move from CBB makes it the first regulator in the Middle East North Africa (MENA) region to grant an in-principle approval to a Binance entity. The in-principle approval from CBB still requires Binance to complete the full application process, which is expected to be completed in due course.
Thanks for your support!
Binance Team
2021-12-27 02:59
Bahrain is known to be supportive of crypto advancement and is the smallest country in the Gulf
Binance could be a key contributor in building CBB’s fully regulated centralized cryptocurrency exhchange
